13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24,

25.
26.
27.
28.
29.
30.
31.
32.

Part B (Very Short Answer Type Questions)

Answer any ten questions.
Each question carries 2 marks.

What is meant by International Trade ?
Write a note on SAARC.
Explain currency appreciation.
What is meant by non-tariff barriers ?
Distinguish between Balance of Payments and Balance of Trade.
What is FDI?
What is customs union ?
Define Dumping.
What is meant by fixed exchange rate ?
Write a note factor endowment theory.
What is terms of trade ?
Explain currency convertibility.
(10 x 2 = 20 marks)
Part C (Short Essays)

Answer any six questions.
Each question carries 5 marks.

Explain the theory of comparative advantage.
Explain the components of Balance of Payments.
What is meant by economic integration ? Explain important forms of economic integration.
Explain the origin and functions of WTO.
Explain the important non-tariff barriers of international trade.
Explain the important systems of exchange rate determination ?
Explain Mint Parity theory.
Explain the causes of balance of payments disequilibrium.
(6 x 5 = 30 marks)

Turn over